Hello
I'm new with Bitcoin and there is something I don't understand...
I used Multibit Classic version for one month. I understand that they created some files in a folder, and that it is our "wallet"?
But now I switched to Multibit HD. And there are no such file? I don't understand what happen if I lose my computer, and where are my bitcoins exactly?
It seems like I only need the "secret list of words" in order to get my bitcoin back, if I lose my computer for example. But it seems weird to me.
If I lose my computer. I can take another computer. install Multibit HD. Enter the list of words. And I'll have my Bitcoins back?? really?
Thanks for your explanations...
Yes those list of words are available on wallets like Multibit HD and Electrum (Desktop wallets) and they allow you reocver your wallet in case of computer failure or something else .
To upgrade , if you have .key file from the old wallet then keep that then you can upgrade , both version use .key file as far as I know (which contains your private keys)